8 February 2016 2016 05:09 PM GMT

The State Of Play For Renewables In Central America (Infographic)

The renewable energy market in Central America is moving incredibly fast, with governments helping to create the right conditions for success. Such as auctions in place, incentives and plans for distributed generation.

But are the conditions for success really there and what is putting roadblocks to rapid expansion? How can the region fulfill its massive potential?

This infographic displays a summary of the current state of play for renewables in Central America:

THE STATE OF PLAY FOR RENEWABLES IN CENTRAL AMERICA

Credit: via RECAM Week 

About RECAM Week:

RECAM WEEK is the must attend congress for decision makers doing business in the renewable energy industry from Central America, Colombia and the Caribbean. This premium renewable energy event will give you the answers you are looking for to ensure you secure financing, navigate policy and optimise operations to maximise ROI. RECAM WEEK covers the whole renewable energy spectrum with focused tracks on solar, wind and hydro.

At RECAM WEEK 2016 you will meet the entire clean energy ecosystem, including Developers, Owners, Operators, EPC Contractors, Consultants, Government Stakeholders, Installers and service providers to the industry. The event is highly attended by local as well as international delegates from across the globe.

Over the course of the week you will be given the opportunity to meet all the key players, both local and international, in one place at one time.

RECAM WEEK also gives you the latest insight from industry experts. You’ll benefit from a variety of conference formats, ensuring lively debate and maximum networking, including:

  • Focus Day on the Carribbean
  • New Interactive Formats
  • Knowledge Pill’s
  • International speakers and case studies
  • Focused Tracks on solar, wind, hydro
  • 60% of audience from the REGION
  • Energy storage and safety workshops
  • Over 32 hours of networking
  • Policy guide panel
  • Economic outlook
  • Country lightening talks
  • RECAM AWARDs evening
  • Question time
  • Schedule 1-2-1 meetings in advance

Find out more here.

January 10th 2018
US: Doubling Of Wind & Solar Capacity Possible By 2020 as Coal & Nuclear Drop

In the latest issue of its “Energy Infrastructure Update” (with data through November 30, 2017), the Federal Energy Regulatory Commission (FERC) notes that proposed net additions to generating capacity by utility-scale wind and solar could total 115,984 megawatts (MW) by December 2020 – effectively doubling their current installed capacity of 115,520 MW.  The numbers were released as FERC prepares for a January 10 meeting to consider U.S. Department of Energy Secretary Rick Perry’s proposal for a bailout of the coal and nuclear industries.

February 5th 2018
European Parliament Gives A Resounding Vote In Favour Of Clean Energy In Europe

European lawmakers have called for a renewable energy target of 35% for 2030 – rather than the 27% which the European Commission proposed in 2016. The MEPs have now backed measures substantially raising the European Union’s clean-energy ambitions. By 2030, more than one-third of energy consumed in the EU should be from renewable sources such as wind and solar power. The measures are intended to help cut carbon dioxide emissions. The EU is the world’s third-largest emitter of greenhouse gases after China and the United States, releasing about 10% of global emissions. 

December 6th 2017
Renewables Provide 17.8% Of Total US Electricity. Solar Now 2.0% And Wind 6.0%

According to the latest issue of the U.S. Energy Information Administration’s (EIA) “Electric Power Monthly” report, U.S. electrical generation from renewable energy sources (i.e., biomass, geothermal, hydropower, solar – inc. distributed solar, wind) rose by 14.69% during the first three-quarters of 2017 compared to the same period in 2016. Simultaneously, electrical generation by fossil fuels and nuclear power combined declined by 5.41%. Nuclear power and coal both dropped by 1.5%, natural gas (including “other” gas) was down by 10.7%, and oil (i.e., petroleum liquids and petroleum coke) plunged by 17.1%.

December 27th 2017
Rooftop PV Presents a $23 Billion Opportunity in India Over The Next 5 Years

India is accelerating development of renewable energy projects to provide cheap, reliable and clean power to its 1.3 billion people. The country’s per-capita on-grid electricity consumption has increased significantly over the four years; due to increased industrial activity, higher uptake of electrical appliances by residential electricity users and the addition of new consumers to the grid. During this period, the cost of electricity from rooftop PV has halved, due to fierce competition in the market and a drop in equipment prices. In contrast, average retail electricity rates have increased by 22% in the same period. This has made rooftop PV cheaper than commercial and industrial grid tariffs in all major states in India.

January 8th 2018
Vestas Sets 10.6 GW Record In 2017 After Year-End Surge; Ups Cashflow Guidance

Vestas has received a firm and unconditional order for 190 MW of 4 MW platform turbines in the U.S. taking the global order intake for the company in 2017 to 10.6 GW, surpassing 2016’s record order intake of 10.5 GW. The surge of orders at the end of the year has resulted in the company revising its guidance for free cashflow upwards. It now expects the free cashflow for 2017 to be €1.15bn-€1.25bn, as compared with the previous guidance of €450m-€900m. Markets have reacted favourably with the company share price experiencing an increase of 5%. 


 

   

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